The company's operating losses amounted to $42.5 million, compared to a $65.1 million loss in Q3 of this year. Net loss was $43.1 million in Q4 or 47 cents per fully diluted share.
One-time expenses were $31.8 million, consisting of $13.3 million on inventory write-offs and an $8.3 million provision for restructuring costs. The company reported an $11.6 million pro forma loss ¿ 12 cents per share, beating average projections by 2 cents.
The company cautioned that the immediate future looks no brighter, expecting a 10-20% drop in revenue in the first half of 2002.